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and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a few hours, good morning. >> reporter: good morning pam, we did see several news vehicles and as the morning goes on the area is expected to fill up and that's because at 10:00 a.m. facebook is anticipating a news conference to unveil something. we don't know what that something is just yet but they say come see what we are building. most people agree they are not talking about an actual building even though they are expanding their campus. some analysts are shooting down the idea of a phone because mark zuckerberg said a phone does not make sense. facebook is his top pry yourty and -- priority and he may unveil a search engine so use
.s. economy and japan nikkei was up only slightly and they look to the yen as a good sign for exports. trading yesterday, the dow jones industrial average started today at 13511 and right now it looks like a little bit of a higher opening across the board for all three major index. apple gained more than 4% closed at $500 a share boosting the nasdaq. apple's stock is down 28% from its all-time high last september but the cupertino based company remains worth $471 billion and right now it looks like it will trade up to $2 a share this morning. >>> on the bay area, movies about steve jobs and they are about to premier. >>> a great white shark encounter caught on tape by some nervous fishermen, how long it stuck around their boat. >>> and plus you can get the morning's top stories while you are sleeping send straight to your cell phone at 6:00 a.m. text the word wake up by 70123. iyin)Ñ)ogóçÑóçíç'Ñy?oo . >>> two australian fishermen had a good look at a great white. they were fishing when this big guy circled their boat bouncing along the side of their boat even putting its nose on the e
our economy down rather than lifting our families up. >> what they are saying when i see you next, kyla campbell ktvu channel 2 morning news. >>> and you can watch more of president barack obama's inauguration including beyonce say saning the national and them. >>> the man has been identified. police are not exposing his name but he exposed himself on miller treat and last -- heller street. pill have not reviewed the information yet. >>> today the coach will be remembered at a mural near the penn state campus. for most of his career he was held up as a model but his reputation was scandaled after what happened with joe paterno. joe paterno hid allegations to protect the school. >>> we are learning what could happen if the campus were to lose its accreditation and clothes. they showed sent sounding schools could find a number of violations with the structure and finances. they have until the 19th to issue a structure of why they should be allowed to operate. >>> the shooting of oscar grant, movie called fruit veil is the hottest movie. the big movie studios are now bidding for majo
about both the u.s. and chinese economies. in europe both the uk and french markets are up. germany down' fraction. checking in on our numbers right now i'm look hack the the futures. and it does look like a pretty mixed opening this morning for us. that is after a decent day yesterday. s & p 500 close to 1500. so we'll have a better look as we get closer to the opening bell. >>> time now 5:18. a shark attack in hawaii? people are cautiously getting back into the water. where the shark went after a surfer and what kind of shark it was. >>> a night of fun in costumes at the lady gaga concert. there was also a serious message for concert goers. >>> you can wake up with ktvu every morning. get the mornings top stories that develop while you were sleeping sent straight to your cell phone. every weekday morning 6:00 a.m.. get your ktvu morning wake up call by texting the word wakeup to 70123. [ male announcer ] are you a business traveler who can withstand the perils of air travel? can you survive change fees? blackout dates? boarding in mobs? do you actually, in a weird way, kind of enjoy ru
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